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§ 10093.9. Sale or Transfer of Enrolled Efficiency Agreements and Transfer of Program Roles.

4 CA ADC § 10093.9BARCLAYS OFFICIAL CALIFORNIA CODE OF REGULATIONS

Barclays Official California Code of Regulations Currentness
Title 4. Business Regulations
Division 13. California Alternative Energy and Advanced Transportation Financing Authority
Article 7. Affordable Multifamily Energy Efficiency Financing Program
4 CCR § 10093.9
§ 10093.9. Sale or Transfer of Enrolled Efficiency Agreements and Transfer of Program Roles.
(a) A Finance or Service Entity may sell, transfer, or assign an Enrolled Efficiency Agreement or the associated repayments of an Enrolled Efficiency Agreement in whole or in part, or a portfolio of Enrolled Efficiency Agreements, in whole or in part. The sale must be reported to the Authority pursuant to Section 10093.10.
(b) The Primary Finance or Service Entity and Affiliate Finance or Service Entity may transfer between themselves the roles of Monthly Reporting, Loss Reserve Account Representative, and Agreement Submittal by notifying the Authority in writing. If the Agreement Submittal role transfers, the entity performing the Agreement Submittal role will become the new Primary Finance or Service Entity.
(c) If the Primary Finance or Service Entity or Affiliate Finance or Service Entity wish to transfer any of the roles it has been approved to perform, and/or disclosed that it will perform, to a new entity, the new entity must apply to the Program as a Primary Finance or Service Entity Applicant or Affiliate Finance or Service Entity Applicant and be approved by the Authority for enrollment in the Program. At any time, no more than one entity may serve as Primary Finance or Service Entity and at any time, no more than one entity may serve as Affiliate Finance or Service Entity for any Finance or Service Entity. Once approved, the new entity must assume all of the roles filled by the departing Finance or Service Entity.
Note: Authority cited: Sections 26006 and 26009, Public Resources Code. Reference: Sections 26002, 26002.5, 26003, 26006, 26011 and 26040, Public Resources Code.
HISTORY
1. New section filed 5-9-2019 as a deemed emergency pursuant to Public Resources Code section 26009; operative 5-9-2019 (Register 2019, No. 19). A Certificate of Compliance must be transmitted to OAL by 11-5-2019 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 10-31-2019 as a deemed emergency pursuant to Public Resources Code section 26009; operative 11-6-2019 pursuant to Government Code section 11346.1(d) (Register 2019, No. 44). A Certificate of Compliance must be transmitted to OAL by 2-4-2020 or emergency language will be repealed by operation of law on the following day.
3. New section refiled 1-30-2020 as a deemed emergency pursuant to Public Resources Code section 26009; operative 2-5-2020 pursuant to Government Code section 11346.1(d) (Register 2020, No. 5). A Certificate of Compliance must be transmitted to OAL by 5-5-2020 or emergency language will be repealed by operation of law on the following day.
4. Certificate of Compliance as to 1-30-2020 order, including amendment of section heading and section, transmitted to OAL 5-5-2020 and filed 6-17-2020; amendments operative 6-17-2020 pursuant to Government Code section 11343.4(b)(3) (Register 2020, No. 25).
This database is current through 9/11/20 Register 2020, No. 37
4 CCR § 10093.9, 4 CA ADC § 10093.9
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